Oct 31, 2024  
2022-2023 Undergraduate Catalog 
    
Catalog Navigation
  Catalog Home
  What’s New?
  General Education Requirements
  Academic Regulations, Rights, Responsibilities, and Conduct
  Policies
  Colleges, Schools, Division and Departments
  Program Descriptions
  Course Descriptions
  Overlapping Course Content
  Civics Literacy Proficiency Requirement
  TransferIN.net Indiana Core Transfer Library
  Articulation Agreements
  Academic Calendar
  Previous Catalogs
  Faculty/Staff Directory
HELP
2022-2023 Undergraduate Catalog [Archived Catalog]

MA 27300 - Introduction To Financial Mathematics

A mathematical treatment of some of the fundamental concepts of financial mathematics and their application to real world business situations and basic risk management. Includes discussions of interest rates, discount rates, annuity valuation, bond valuation, cash flow valuation, spot rates, forward rates, Macaulay duration, modified duration, effective duration, convexity, and immunization, and their use in risk management. Provides preparation for the SOA/CAS Actuarial Exam FM/2.

Preparation for Course
P or C: MA 16600, MA 22800, or MA 23000 with grade of C- or better.

Cr. 3.